PRICE SIGNALS AS BITCOIN, UNISWAP, SILVER AND POUND/SWISS CONTINUE TO CRASH

The crypto market on the downward trend, including Silver for precious metals. What will be the bottom price is still unpredictable as of today. The analyses below for Bitcoin, as well as Uniswap they are both on the same trending.

Daily Timeframe
The image below shows that bitcoin is in a strong downtrend, and the bears are in charge. However, we’re in a zone that can hold the price for a few days or even weeks. Additionally, the RSI indicator, which helps us gauge the price momentum (currently <20), shows that the market is in a “Strong Oversold” phase.

Source: TradingView

4-Hour Timeframe
On the 4-hour timeframe, we can observe that the price formed a continuation pattern followed by another bearish impulse after the bearish flag breakout.

It’s also clear that RSI is probably creating a bullish divergence, indicating that the price is likely to consolidate in the short term. It’s important to monitor the market in the next few days to determine if the price has formed an accumulation/distribution pattern to forecast future action.

Source: TradingView

You can buy, sell, trade Bitcoinat Bitmart.

Meanwhile, Silver on Tuesday, the white metal is trading near the close of Monday, which was $23.98. two cents from the $24.00 threshold. The price action of the last two days approached the 78.6% Fibonacci retracement drawn from the last pivot low at $22.81 to the highest of the year at $24.70. However, the white metal is bearish-biased unless XAG/USD breaks the 200-day moving average (DMA) at $24.61.

To the upside, the first resistance is the 38.2% Fibonacci retracement level at $23.98, unsuccessfully broken one time. The next supply zone would be the January 24 daily high at $24.31, followed by the abovementioned 200-DMA at $24.61.

These are my trading signals for the next twenty-four hours.

BTCUSDT
SELL START: 36230
STOP LOSS: 37598
TAKE PROFIT: 33870
DURATION: 24 hours

UNIUSDT
SELL START: 10.36
STOP LOSS: 11.54
TAKE PROFIT: 9.21
DURATION: 24 hours

GBPCHF
SELL START: 1.235
STOP LOSS: 1.240
TAKE PROFIT: 1.229
DURATION: 24 hours

XAGUSD
SELL START: 23.71
STOP LOSS: 24.10
TAKE PROFIT: 23.22
DURATION: 24 hours

Enjoy!

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Danielle Shake

Danielle Shake

Follow me for stocks, forex and crypto price forecasts. And the latest trading updates.

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